Connect to share and comment

URGENT ¥¥¥ Bernanke: Fed 'confident' it can handle QE risks

PlacardEnlarge
(Globalpost/GlobalPost)

Federal Reserve Chairman Ben Bernanke told Congress Tuesday that the central bank was confident it could manage the risks from its expanded quantitative-easing stimulus program.

"Highly accommodative monetary policy also has several potential costs and risks," he told a Senate panel. But the Fed policy board "remains confident that it has the tools necessary to tighten monetary policy when the time comes to do so."

pmh/vs

http://www.globalpost.com/dispatch/news/afp/130226/urgent-bernanke-fed-confident-it-can-handle-qe-risks